Top 10 Richest People in India By April 2024: Wealth and Influence Unveiled
India is a country with a diverse and constantly growing economy. Indian billionaires play an important role in the world’s economic sectors. A few Indian billionaires are notable in sectors like commodities, technology, infrastructure, health, and metal mining. Indian billionaires have accumulated huge fortunes through their business activities and contribute significantly to the economic development of the country. India has a notable number of billionaires, with Mumbai being the leading city with 56. Delhi is close behind with 37, while Bengaluru has 17. Ahmedabad, Chennai and Hyderabad each have 8 billionaires. Pune has 7 and Kolkata has 3. The remaining cities: Nagpur, Aurangabad, Baroda, Cochin, Gurgaon, Haridwar, Hisar Jaipur Kochi Ludhiana Surat and Vadodara have one billionaire each. This geographic distribution of billionaires in India reflects the economic concentration in the country’s major urban areas.
Here is a list of the 10 top richest/billionaires people of India. The following list of top richest people in India is sourced from Forbes India. Every Year Forbes analyses the wealth and their presence in society and lists the richest people.
1. Mukesh Ambani
Everyone knows him in Asia or the World. Mukesh Ambani is the richest person in Asia. He is the chairman and largest shareholder of Reliance Industries Limited (RIL), which deals in petrochemical, oil, natural gas exploration, telecommunication and retail. He was born in Yemen on 19 April 1957. Mukesh Ambani started their business journey in 1981 when he joined his father’s company Reliance. His father is also a well-known celebrity in India-Dhirubhai Ambani. With his hard work and dedication, he expanded and diversified the company. Under his vision, Reliance became a global company for the petrochemical industry. His leadership not only makes him the wealthiest but also gives hype to the Indian economy’s growth. In 2016, he came up with the huge idea of Reliance Jio telecommunication, which brought a huge change in India. People started switching to the internet with Reliance Jio. This revolutionary change disrupted the market and offered very affordable data plans and high-speed internet, which is not even possible in many developed countries. His creative ideas and leadership make him the richest person in India. His net worth is subject to fluctuations influenced by various factors such as stock market performance and business developments.
2. Gautam Adani
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Age: 61 Years
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Global Rank: 17
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Net worth: $84.8 B
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Company: Adani Group
Gautam Adani, is a founder, Indian entrepreneur, and chairman of the Adani Group. He was born in Ahmedabad on 24 June 1962. He is a self-made business. He started his business journey with a small trading firm. His vision, strategies and ability to utilise the business opportunities play an important role in bringing the Adani group to the high where it is now. He is the second richest person in India. Under his supervision, Adani Group expanded and became one of the largest infrastructure and logistics companies in India. Adani group manages various operations like the development and operation of ports. logistics, power generation and transmission as well as renewable energy production. Adani group is part of the logistic sector and prepares the largest commercial port with Mundra Port. His hard work makes him the richest. His net worth is subject to fluctuations influenced by stock market performance, business developments, and economic factors. Gautam Adani has expanded its business. He is also involved in philanthropy through the Adani Foundation, the group’s charitable arm.
3. Shiv Nadar
Shiv Nadar, a founder of HCl Technologies, one of the largest leading IT companies. He was born in Tiruchendur, Tamil Nadu on 14 July 1945. He is also an Indian industrialist and philanthropist. Shiv Nadar started his career at Walchand Group’s College of Engineering in Pune. In 1976, he founded Hindustan Computers Limited (HCL), which was a hardware company in the beginning. Under his supervision and leadership, HCl became the largest IT company in India. His company played an important role in India’s emergence as an IT powerhouse. His hard work makes him the wealthiest individual globally. Most of the wealth is derived from the holding of HCL Technologies and other investments in various sectors. As said, he is also known for education and philanthropy. In 1994, he established the Shiv Nadar Foundation, which is based on bringing a change in the education system of India. He runs many institutes and universities to support better education in the country like Shiv Nadar University in Uttar Pradesh. His work in the IT sector is notable. He made his company a global company. His leadership style is very innovative, unique and focused.
6. Cyrus Poonawalla
Cyrus Poonawalla is an Indian entrepreneur and the founder of Serum Institute of India, which is one of the world's largest vaccine manufacturers. His life is closely tied to the pharmaceutical industry and vaccine production to product service globally. He was born in Pune on 15 August, 19411. In 1966, he founded the Serum Institute of India intending to provide an affordable and high-quality vaccine to every Indian. Initially, his institute focused on the anti-tetanus vaccine, later expanding to a wide range of vaccines for diseases such as measles, mumps, rubella, and influenza. Under his supervision, the Serum Institute became a global company in vaccine manufacturing. He and his institute play an important role on the global level in fighting infectious diseases. He is also very active during the COVID-19. His primary wealth is derived from his holding in the Serum Institution of India. Besides vaccination, he also contributes to public health. Cyrus is also involved in philanthropy. He established the Poonawalla Foundation to support education, healthcare and community development in the rural areas.
7. Kushal Pal Singh
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Age: 92
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Global Rank: 90
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Net worth: $21.3 B
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Company: DLF Limited
Kushal Pal Singh is the Chairman of DLF Limited, one of India's largest real estate companies. He is an estate developer, born on 15 August 1931. In 1960, he joined the DLF and became leader in 1970. Under his supervision. DLF became the largest-scale real estate development company. DLf company handling the residential, commercial, and retail projects. He played an important role in shaping the urban cities and Gurugram, India. The DLF City in Gurugram was developed by Kushal Pal Singh, which evolved into a prominent business and residential hub. He holds the largest share in DLF Limited, which is a player in the real estate market. His financial details like net worth fluctuate according to the market demand and business performance. Besides real estate, he also does philanthropic activities. He runs the DLF Foundation, the corporate social responsibility arm of DLF Limited. They work for education, medical, health, skill development and overall community welfare.
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8. Kumar Birla
Kumar Mangalam Birla is an Indian industrialist and the Chairman of the Aditya Birla Group. He is part of the famous Birla family who is known for business in India. He was born in Kolkata, on 14 June 1967. In 1995, he took over the Aditya Birla at a very young age when his father, Aditya Vikram Birla passed away. Under his supervision, the group expanded into various sectors like metals, cement, telecommunications, financial services, and more. He made Aditya Birla Group, a multinational conglomerate company that now deals in multiple countries. With Aditya Birla Group, he managed the group's subsidiaries, such as Aditya Birla Fashion and Retail, UltraTech Cement, and Aditya Birla Capital. He is expanding and managing all the companies and groups wisely and holds the richest position on the Forbes list. He is also involved in various philanthropic activities. Aditya Birla Foundation is the platform where they do social welfare activities.
9. Radhakishan Damani
Radhakishan Damani is an Indian billionaire investor, entrepreneur, and the founder of Avenue Supermarts Limited. Avenue Supermarts Limited runs a popular retail chain D-Mart. Hence, he is the founder of D-Mart too. He was born in Bikaner in 1954. He started their business journey with his family’s traditional trading business. Later, he started to invest in the stock market and became an expert in it. He gained a reputation for astute investment decisions. In 2002, he started the first D-mart store in Mumbai. It is a supermarket for a wide range of products with competitive prices in a customer-friendly environment. His leadership and strategic decisions expanded the business and success of Avenue Supermarts company which became one of the leading retail chains in the country. However, Damani is also known for maintaining a low profile with a significant business achievement. He invested in philosophy too.
10. Lakshmi Mittal
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Age: 73 Years
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Global Rank: 107
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Net worth: $16.4 B
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Company: ArcelorMittal
Lakshmi Mittal is the Chairman and CEO of ArcelorMittal, the world's largest steelmaking company. He is an Indian-born British billionaire industrialist. Mittal was born in Sadulpur, Rajasthan on 15 June 1950. He belongs to a family that is already in the steel business. In 1970-1980, he started their journey in the family business and later in 1989, he established Mittal Steel Company. Later in 2006, he took over the Arcelor and formed the ArcelorMittal. Under his supervision, ArcelorMittal became a powerhouse in the steel industry. His company is also involved in automotive to construction steel production at the global level.
Conclusion:-
In conclusion, the list of the richest people in India shows us how different industries help the country grow. These billionaires have a lot of money because they came up with new ideas, worked hard, and led their companies well.
For example, Mukesh Ambani changed the way we use phones with Reliance Jio. Gautam Adani made the Adani Group into a big company that builds roads and ships goods. Shiv Nadar made HCL Technologies a big IT company. Savitri Jindal is in charge of the Jindal Group, which makes steel. Dilip Shanghvi's company, Sun Pharma, makes medicine. Cyrus Poonawalla's Serum Institute makes vaccines. Kushal Pal Singh's DLF Limited builds houses and shops. Kumar Birla runs the Aditya Birla Group, which does lots of things like making cement. Radhakishan Damani made D-Mart stores, where we can buy many things. Lakshmi Mittal's ArcelorMittal makes steel for cars and buildings.
All these people have made a big impact on India's economy and how we live. They show us that with hard work and good ideas, we can do great things.
FAQs:-
1. Who is the richest person in India in 2024?
Mukesh Ambani, with a net worth of $117.5 billion, holds the title of the richest person in India.
2. How many billionaires are there in India?
India boasts a notable number of billionaires, with Mumbai leading with 56, followed by Delhi with 37, and Bengaluru with 17, among others.
3. What industries are prominent among India's billionaires?
Indian billionaires are notable in sectors like commodities, technology, infrastructure, health, and metal mining, among others.
4. What is the geographic distribution of billionaires in India?
The concentration of billionaires in India is primarily in major urban areas, with cities like Mumbai, Delhi, Bengaluru, and others housing a significant number of them.
5. Who founded the Adani Group?
Gautam Adani, a self-made Indian entrepreneur, is the founder and chairman of the Adani Group, a prominent infrastructure and logistics company in India.
6. What is Shiv Nadar's contribution to India's IT sector?
Shiv Nadar, the founder of HCL Technologies, played a pivotal role in establishing India as an IT powerhouse, with HCL becoming the largest IT company in India under his leadership.
7. Who is the head of the Jindal family and the Jindal Group?
Savitri Jindal, an Indian businesswoman, is the head of the Jindal family and the chairperson of the Jindal Group, a key player in India's steel and power sectors.
8. Which company did Dilip Shanghvi found?
Dilip Shanghvi is the founder of Sun Pharmaceutical Industries Ltd, one of the largest pharmaceutical companies in India and the world.
9. What is Cyrus Poonawalla's contribution to public health?
Cyrus Poonawalla, the founder of Serum Institute of India, has played a significant role in vaccine production and public health, especially during events like the COVID-19 pandemic.
10. What is Radhakishan Damani known for?
Radhakishan Damani is known for his astute investment decisions and for founding Avenue Supermarts Limited, which runs the popular retail chain D-Mart in India.
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